Tuesday 12 November 2019

Business Post gains Tatler, Auto Ireland titles

Sunday Business Post
Sunday Business Post

Shawn Pogatchnik

The Business Post Media Group (BPMG) has acquired the 'Irish Tatler', 'Auto Ireland' and 'Food & Wine' titles from publisher Irish Studio.

As part of the transaction, Irish Studio will take a minority equity stake in the group, which owns the 'Sunday Business Post', and gain a seat on the board.

"Our goal is to build out a broadly based media, events and services business anchored around the 'Sunday Business Post'. The titles we have acquired today include some of the best-known titles in Irish publishing, and add depth and breadth to our business," said Business Post CEO Enda O'Coineen.

BPMG and Irish Studio declined to disclose the price paid for the transaction, or the size of the stake acquired by the latter firm.

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Irish Studio is led by New York-based investor Liam Lynch. It bought the magazine titles from Norah Casey's Harmonia group in 2017.

"Since we acquired these brands, we have nurtured and developed them, with a keen focus on growing their digital presence. We are delighted to have found a new home and a management team that has the ambition and capability to continue this growth," Mr Lynch said.

Irish Studio publishes several other titles, including 'Irish Central', 'Ireland of the Welcomes' and 'British Heritage Travel'.

In the past year, BPMG has acquired iQuest Events and Hospitality Expo, and taken an equity stake in Belfast-based Digital DNA.

Irish Independent

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